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Charter Hall Retail, Telstra Super place Sydney Woolworths-anchored mall on sale

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Charter Hall Retail, Telstra Super place Sydney Woolworths-anchored mall on sale

Charter Hall Retail REIT's 50/50 partnership with superannuation fund Telstra Super is expecting over A$40 million from the sale of the Woolworths-anchored Thornleigh Marketplace mall in Sydney, The Australian Financial Review reported.

The three-story mall, acquired by the partnership in 2011 for A$28 million, is among the noncore assets that the Charter Hall Group trust is divesting as part of a strategy to update its A$2.9 billion portfolio of 66 shopping centers, according to the March 20 report.

Aside from Woolworths, the mall is also home to tenants including Dan Murphy's, Australia Post, Michel's Patisserie and Brumby's Bakery.